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How To Buy WAX coin(WAXP) For Beginners?

What Is WAXP

WAXP is a purpose-built blockchain that was designed to make e-commerce transactions simpler, faster, and safer for everyone who is involved. To do that, this blockchain employs delegated proof-of-stake (DPoS) as its consensus mechanism. And it is completely compatible with EOS.

 

WAXP is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who alreadycollect, buy and sell.

 

WAX (Worldwide Asset eXchange) has raised a total of $42M in funding over 4 rounds. Their latest funding was raised on Dec 21, 2017 from a Initial Coin Offering round. WAX (Worldwide Asset eXchange) is funded by 6 investors. Node Capital and James Sowers are the most recent investors.


 

What Is WAX Coin

WAX is a protocol token designed to make e-commerce transactions faster, easier, and safer for all participants. The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is meant to be fully backward compatible with EOS. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain's usability in e-commerce, and encourage voting on guilds and proposals.

 

WAX is different from other tokens because it makes use of a WAXP-to-Ethereum bridge that allows the conversion of WAXP tokens into WAXE, which is an Ethereum-based ERC20 utility token. Users who want to take part in WAX tokenomics will have to burn their WAXP tokens to get WAXE via the Ethereum bridge, and then they will have to stake the WAXE tokens on the Ethereum distribution contract. The WAXG serves as the Ethereum-based ERC20 governance token that is distributed to the WAXE stakers with the distribution being based on a particular timetable and is proportional to a fraction of the WAXE Economic Activity pool. This pool is a smart contract where generated WAX fees are accumulated and it can be converted into ETH that will be distributed to WAXE stakers. For those who are interested in knowing where to purchase WAX, the leading cryptocurrency exchanges are Binance, KuCoin, Gate.io, Huobi Global, and HitBTC.

 

Where To Buy WAX?

WAX is available on most major cryptocurrency exchanges.,such as Binance, Coinbase, FTX and Bitfinex.

 
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Disclaimer: Cryptocurrency investment is subject to high market risk. TOPSINMETA is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.